Apple posted a blockbuster Q1 of 2012, thanks in large part to spiking sales of iPad tablets and iPhone handsets.
Demand for the Apple iPhone hit a new high over the holidays, to the tune of 37 million handsets unloaded in the first quarter of 2012. During the same period – the last 14 weeks of 2011 – Apple sold more than 15 million iPad tablet computers. Those combined sales figures helped drive Apple's quarterly revenue to $46.33 billion, a company record. (Net profit for Apple during Q1 of 2012 was about $13 billion.)
"We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," Tim Cook, Apple’s CEO, said in a statement. "Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline."